0000940397-04-000240 Sample Contracts

NON-QUALIFIED STOCK OPTION AWARD AGREEMENT
Non-Qualified Stock Option Award Agreement • December 21st, 2004 • Sypris Solutions Inc • Industrial instruments for measurement, display, and control

Effective as of [Date] (“Grant Date”), the Company hereby grants to [Director] certain rights to purchase up to: [# of Shares] total Option Shares for $[Price] per Share until [Date] (“Expiration Date”) on the Terms of this Agreement, the attached Terms, and the 2004 Sypris Equity Plan (“Plan”).

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PERFORMANCE-BASED STOCK OPTION AWARD AGREEMENT
Performance-Based Stock Option Award Agreement • December 21st, 2004 • Sypris Solutions Inc • Industrial instruments for measurement, display, and control

Effective as of ________, the Company hereby grants to [Employee] certain rights to purchase up to: [# of Shares] total Option Shares for the applicable P.B.O. Option Price until ________ (“Expiration Date”) on the Terms of this Agreement, the attached Terms, and the 2004 Sypris Equity Plan (“Plan”) as follows.

NON-QUALIFIED STOCK OPTION AWARD AGREEMENT
Non-Qualified Stock Option Award Agreement • December 21st, 2004 • Sypris Solutions Inc • Industrial instruments for measurement, display, and control

Effective as of ________, the Company hereby grants to [Employee] certain rights to purchase up to: [# of Shares] total Option Shares for $[Price] per Share until ________ (“Expiration Date”) on the Terms of this Agreement, the attached Terms, and the 2004 Sypris Equity Plan (“Plan”) as follows.

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